ESTIMATING THE VALUE OF CONTRACTS - A SIMULATION STUDY.

Charles Tapiero, Philippe de Loze

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Contracts are binding bilateral agreements by which agreed-on exchange terms between two firms are used as substitutes for current market mechanisms as a medium of economic exchange. A model describing the probabilistic evolution of prices and demands, contract clauses and the value of contracts is simulated. As an example, five contract terms are considered and the simulated probability distributions for the value of each of these contracts is given. They are then compared in terms of their expected returns, variance and stochastic dominance.

Original languageEnglish (US)
Title of host publicationRev Fr Autom Inf Rech Oper
Pages33-49
Number of pages17
Volume8
StatePublished - Nov 1974

Fingerprint

Probability distributions
Economics

ASJC Scopus subject areas

  • Engineering(all)

Cite this

Tapiero, C., & de Loze, P. (1974). ESTIMATING THE VALUE OF CONTRACTS - A SIMULATION STUDY. In Rev Fr Autom Inf Rech Oper (Vol. 8, pp. 33-49)

ESTIMATING THE VALUE OF CONTRACTS - A SIMULATION STUDY. / Tapiero, Charles; de Loze, Philippe.

Rev Fr Autom Inf Rech Oper. Vol. 8 1974. p. 33-49.

Research output: Chapter in Book/Report/Conference proceedingChapter

Tapiero, C & de Loze, P 1974, ESTIMATING THE VALUE OF CONTRACTS - A SIMULATION STUDY. in Rev Fr Autom Inf Rech Oper. vol. 8, pp. 33-49.
Tapiero C, de Loze P. ESTIMATING THE VALUE OF CONTRACTS - A SIMULATION STUDY. In Rev Fr Autom Inf Rech Oper. Vol. 8. 1974. p. 33-49
Tapiero, Charles ; de Loze, Philippe. / ESTIMATING THE VALUE OF CONTRACTS - A SIMULATION STUDY. Rev Fr Autom Inf Rech Oper. Vol. 8 1974. pp. 33-49
@inbook{5e203ae69de045cca42ace7ae975b397,
title = "ESTIMATING THE VALUE OF CONTRACTS - A SIMULATION STUDY.",
abstract = "Contracts are binding bilateral agreements by which agreed-on exchange terms between two firms are used as substitutes for current market mechanisms as a medium of economic exchange. A model describing the probabilistic evolution of prices and demands, contract clauses and the value of contracts is simulated. As an example, five contract terms are considered and the simulated probability distributions for the value of each of these contracts is given. They are then compared in terms of their expected returns, variance and stochastic dominance.",
author = "Charles Tapiero and {de Loze}, Philippe",
year = "1974",
month = "11",
language = "English (US)",
volume = "8",
pages = "33--49",
booktitle = "Rev Fr Autom Inf Rech Oper",

}

TY - CHAP

T1 - ESTIMATING THE VALUE OF CONTRACTS - A SIMULATION STUDY.

AU - Tapiero, Charles

AU - de Loze, Philippe

PY - 1974/11

Y1 - 1974/11

N2 - Contracts are binding bilateral agreements by which agreed-on exchange terms between two firms are used as substitutes for current market mechanisms as a medium of economic exchange. A model describing the probabilistic evolution of prices and demands, contract clauses and the value of contracts is simulated. As an example, five contract terms are considered and the simulated probability distributions for the value of each of these contracts is given. They are then compared in terms of their expected returns, variance and stochastic dominance.

AB - Contracts are binding bilateral agreements by which agreed-on exchange terms between two firms are used as substitutes for current market mechanisms as a medium of economic exchange. A model describing the probabilistic evolution of prices and demands, contract clauses and the value of contracts is simulated. As an example, five contract terms are considered and the simulated probability distributions for the value of each of these contracts is given. They are then compared in terms of their expected returns, variance and stochastic dominance.

UR - http://www.scopus.com/inward/record.url?scp=0016133011&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0016133011&partnerID=8YFLogxK

M3 - Chapter

AN - SCOPUS:0016133011

VL - 8

SP - 33

EP - 49

BT - Rev Fr Autom Inf Rech Oper

ER -